Inventory Watch

Written by Jim the Realtor

April 17, 2013

The new inventory has been fairly steady here in the middle of the prime selling season. Another 89 new listings since the last reading, and their list prices averaged $526/sf. We had 74 new pendings whose list prices averaged $357/sf, and their median DOM was 16 days on market:

Date NSDCC Active Listings Avg. LP $$/sf
Jan 14
649
$722/sf
Feb 4
667
$716/sf
Feb 10
679
$713/sf
Feb 25
678
$719/sf
March 6
727
$703/sf
March 11
744
$698/sf
March 16
746
$703/sf
March 23
755
$712/sf
March 31
752
$717/sf
April 5
780
$704/sf
April 11
780
$710/sf
April 17
792
$699/sf

There is a rolling blob of over-priced turkeys being ignored, while a healthy under-current of selling is happening all around. Of the 74 new pendings, 32 of them were in the tonier La Jolla-to-RSF area.

1 Comment

  1. No_Such_Reality

    JTR, any chance you can tweak that table to show the average LPSF for the pendings by week?

Klinge Realty Group - Compass

Jim Klinge
Klinge Realty Group

Are you looking for an experienced agent to help you buy or sell a home?

Contact Jim the Realtor!

CA DRE #01527365CA DRE #00873197

Pin It on Pinterest